The Yamuna Expressway corridor is witnessing the development of projects of a variety of categories, as a result of which the region now exudes self-sufficiency. This gives one a reason to believe that in the times to come, the value appreciation of real estate in this region will skyrocket.
South Delhi residents will soon have a road that will connect them directly to Greater Noida. This is on the way in the form of a proposed elevated corridor by the Public Works Department (PWD). In the present scenario, it is a tiresome to travel from South Delhi to Greater Noida, considering the daily painful traffic jams especially during office prime office hours at Kalindi Kunj and the DND Flyway. An elevated corridor would serve to alleviate commuters. It would now also be possible to sidestep the obstructive jams on the Noida Expressway that links Noida with Greater Noida.
In the current scenario, the flow of traffic towards Greater Noida converges with the vehicles coming from Noida at the Noida Expressway, which results in a congestion during peak office hours.
This is what the proposed infrastructure has to offer:
During their feasibility study of the project, the PWD suggested four different arrangements. With reference to the selected route, the corridor will begin from Aali Village and pass through the National Highway 2 and will culminate at the Noida-Greater Noida Expressway, where it crosses the Yamuna River.
The initial 300 meters of the corridor will have a width of nine metres and the remaining part of the alignment is proposed on an open land, which is the property of the State Irrigation Department of Uttar Pradesh. The construction of the corridor will take place along the railway track before it crosses the Agra Canal. The road will be 12.5 meters wide and will run parallel to the Jaipur Pushta Road, internal to the catchment region of the drain. The larger part of the elevated corridor will be divided into eight lanes including a cycle track and a footpath.
The stretch will be 7 kms long and will be built in 30 months. After its completion, the corridor will be the shortest roadway connecting South Delhi to Greater Noida. The only factor of worry for the project is the vulnerability to encroachment of the first 300 metres of the stretch.
Presently, commuting between Greater Noida and South Delhi takes around 50-90 minutes. On an average, the cut down in travel time between the two cities will go to bat for the real estate sector regions where the property rates are low. As the property prices are low in Greater Noida in comparison to those in South Delhi, as soon as the two regions are well connected a balance of prices will prevail. This corridor will be a great facility to those residing in South Delhi, who have bought properties in Greater Noida. As of now, the property costs in Greater Noida float between Rs 3,000 – 5,000 per sq ft, whereas in South Delhi the rates hover between the scales of Rs 6,000 – 8,000 per sq ft. Once the corridor gets operational, land prices in Greater Noida are expected to shoot up, which will be a rejuvenator for the real estate sector.